Saturday, July 12, 2025
24.5 C
Lagos

Reps Issue 11-Day Ultimatum to CBN over Accounts

The Central Bank of Nigeria has received 11-day ultimatum from the House of Representative over the failure of the banking regulator to submit its audited accounts for many years running.

The Minister of Finance, Mrs. Kemi Adeosun recently accused the CBN and other government departments of not remitting over N450 billion to the federation account as at when due.

In the current case, the House of Representative Adhoc Committee on Government-owned Development Institutions ked by Mr. Chukwuemeka Anohu has summoned the CBN, Bankof Industry and sundry to appear before it today with comprehensive details of their accounts and financial operations dating from 1999.

“Decades after the institutions were established and despite the huge budgetary provisions made for the agencies over the years, their impact in stimulating economic renaissance was yet to be felt.These institutions were charged with the primary mandate of providing long-term financing to the industrial and productive sectors of the economy and were designed to finance the establishment of large, medium and small industries as well as facilitate the expansion, diversification and modernisation of the existing concerns.”

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Delivers Hope to Internally Displaced Persons in Benue State

Team Lead, CSR, Fidelity Bank Plc, Victoria Abuka (Left);...

Union Bank Responds to Court Ruling on NICON, Global Fleet, Jimoh Ibrahim Case

Union Bank of Nigeria acknowledges the recent judgment of...

NAICOM, CIIN Laud IMT for Advancing Tech-Driven Insurance in Nigeria

The Commissioner for Insurance (CFI) and the CEO of...

NCDMB Unveils Nigerian Content Fund Certificate, Empowers 130 firms with $400m NCI Fund

The Nigerian Content Development and Monitoring Board has introduced...

Local Content, NCDMB on the Spotlight at 2025 NOG Conference

The recently held 2025 Nigeria Oil and Gas (NOG)...

Topics

PenCom: Using Touts to Obtain Pension Clearance Certificate is Unlawful

The attention of the National Pension Commission (the Commission)...

CTO Unveils Plan of Action to Promote ICTs for Dev

The Secretary-General of the Commonwealth Telecommunications Organisation (CTO), Mr....

NAICOM Announces Promotion of 5 Staff as Directors

The Governing Board of the National Insurance Commission, at...

Tinubu Commends Tolaram for Reposing Confidence in Nigeria’s Economy

President Bola Ahmed Tinubu has commended the Indonesian business...

Gas to Play Significant Role in Africa’s Energy Mix, says NLNG’s MD

Dr. Philip Mshelbila Managing Director and Chief Executive Officer Nigeria LNG...

LAWMA Redeems Cash Prizes to Raffle Draw Winners

By Fabian Ekeruche The Lagos Waste Management Authority (LAWMA) has...

NNPC Woos South Korean Investors for Gas Projects

The Nigerian National Petroleum Company Limited (NNPC) has held...

Danbatta: NIPR Fellowship to Muoka, Ibietan Meritorious

The Executive Vice Chairman of the Nigerian Communications Commission...
spot_img

Related Articles

Popular Categories

spot_imgspot_img